Oct 7, 2015

To continue Prime Minister Narendra Modi's Make in India push, under the new rules, indigenously designed, developed and manufactured equipment must have at least 40 per cent Indian components. In case the design isn't Indian, 60 per cent Indian component is necessary.

India wants defence equipment to be designed in India. This will not only help India retain the Intellectual Property Right, but build an "eco- system" for manufacturing defence equipment.

What is it for SME's ?
30% of India defence procurement is sourced from these SME's